Booking (NASDAQ:BKNG) Price Target Raised to $5,820.00 at Bank of America

Booking (NASDAQ:BKNG - Get Free Report) had its price target upped by research analysts at Bank of America from $5,580.00 to $5,820.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a "neutral" rating on the business services provider's stock. Bank of America's price target indicates a potential upside of 5.45% from the company's current price.

Other research analysts have also recently issued reports about the stock. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $5,900.00 target price on shares of Booking in a report on Wednesday, April 30th. Wells Fargo & Company boosted their price objective on shares of Booking from $4,567.00 to $4,692.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 30th. Piper Sandler cut their price target on Booking from $5,120.00 to $5,077.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Barclays boosted their target price on Booking from $5,100.00 to $5,600.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Finally, Benchmark increased their price target on Booking from $5,000.00 to $5,900.00 and gave the company a "buy" rating in a report on Friday, February 21st. Ten investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $5,388.37.

Booking Stock Performance

BKNG stock traded down $95.60 during midday trading on Monday, reaching $5,519.01. 44,506 shares of the company's stock traded hands, compared to its average volume of 246,514. The firm has a market capitalization of $179.59 billion, a PE ratio of 31.96, a price-to-earnings-growth ratio of 1.71 and a beta of 1.41. Booking has a 52 week low of $3,180.00 and a 52 week high of $5,639.70. The company has a 50-day moving average price of $4,990.30 and a two-hundred day moving average price of $4,931.04.

Booking (NASDAQ:BKNG - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The business services provider reported $24.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $17.57 by $7.24. The firm had revenue of $4.76 billion during the quarter, compared to analyst estimates of $4.58 billion. Booking had a negative return on equity of 159.34% and a net margin of 24.78%. The company's revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $20.39 earnings per share. As a group, analysts predict that Booking will post 209.92 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Anderson Financial Strategies LLC acquired a new position in shares of Booking in the first quarter valued at $405,000. Strs Ohio acquired a new stake in shares of Booking in the first quarter valued at $41,034,000. Advisors Capital Management LLC raised its stake in shares of Booking by 11.1% in the first quarter. Advisors Capital Management LLC now owns 90 shares of the business services provider's stock worth $416,000 after acquiring an additional 9 shares during the last quarter. Acadian Asset Management LLC raised its position in Booking by 13.5% in the 1st quarter. Acadian Asset Management LLC now owns 113,500 shares of the business services provider's stock worth $522,852,000 after purchasing an additional 13,478 shares during the last quarter. Finally, Intech Investment Management LLC raised its position in shares of Booking by 179.1% during the first quarter. Intech Investment Management LLC now owns 9,005 shares of the business services provider's stock worth $41,485,000 after acquiring an additional 5,779 shares during the last quarter. Institutional investors own 92.42% of the company's stock.

About Booking

Booking Holdings Inc, formerly The Priceline Group Inc, is a provider of travel and restaurant online reservation and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world. It offers consumers an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands.

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